Barclays Issues Positive Forecast for Bilibili (NASDAQ:BILI) Stock Price

Bilibili (NASDAQ:BILI) had its price objective lifted by equities research analysts at Barclays from $19.00 to $24.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 28.96% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Nomura raised shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Thursday, August 22nd. Mizuho boosted their target price on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Benchmark lifted their price objective on Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Bank of America raised their target price on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.69.

Bilibili Trading Up 1.7 %

Bilibili stock opened at $18.61 on Monday. Bilibili has a 1-year low of $8.80 and a 1-year high of $31.77. The firm’s fifty day simple moving average is $20.63 and its 200-day simple moving average is $17.02. The company has a market capitalization of $7.71 billion, a P/E ratio of -20.23 and a beta of 0.86.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.47. The company had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.14 billion. Bilibili had a negative return on equity of 15.10% and a negative net margin of 10.73%. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.39) earnings per share. On average, equities research analysts predict that Bilibili will post -0.32 earnings per share for the current year.

Hedge Funds Weigh In On Bilibili

Hedge funds have recently made changes to their positions in the business. Quarry LP bought a new stake in Bilibili in the second quarter valued at about $29,336,000. First Beijing Investment Ltd raised its holdings in shares of Bilibili by 96.2% in the 3rd quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock worth $88,694,000 after buying an additional 1,860,496 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Bilibili by 422.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,256,058 shares of the company’s stock worth $52,747,000 after buying an additional 1,823,829 shares during the period. Two Sigma Advisers LP boosted its stake in Bilibili by 14,710.1% in the 3rd quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company’s stock valued at $41,205,000 after buying an additional 1,750,500 shares in the last quarter. Finally, OLD Mission Capital LLC bought a new stake in Bilibili in the first quarter valued at $14,849,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.